Kerry Back
\[\text{PV} = \frac{c}{1+r} + \frac{c}{(1+r)^2} + \frac{c}{(1+r)^3} + \cdots\]
\[\text{PV} = \frac{c}{1+r} + \frac{(1+g)c}{(1+r)^2} + \frac{(1+g)^2c}{(1+r)^3} + \cdots \]
\[\frac{100}{0.10-0.08} = \frac{100}{0.02} = 5000\]